NRG Bluewater Yanks Brakes On Offshore Wind Met Tower Installation Off Delaware Coast

According to a report in The News Journal (Del.), NRG Bluewater Wind has delayed construction of a meteorological tower at its planned wind farm off the Delaware coast.

Congress recently eliminated two major loan-guarantee programs that have been critical to renewable energy projects, and the fate of the production tax credit – which is set to expire next year – is unknown.

NRG spokesman Dave Gaier told The News Journal that these issues have ‘injected considerable uncertainty into the financing for and viability of all U.S. offshore wind projects.’

In turn, the company – while still committed to the project – is slowly and cautiously approaching the development, Gaier said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here